Gopal, Moriarty Bill Provides Tax Credit for Volunteer First Responders’ Vehicle Use
TRENTON – The Senate Budget and Appropriations Committee advanced a bill sponsored by Senators Vin Gopal and Troy Singleton to establish a refundable gross income tax credit for volunteer first responders who use their personal vehicles in active duty. The bill aims to provide financial compensation for the miles traveled by eligible members of volunteer fire departments and first aid squads, helping to alleviate personal costs incurred during emergency response.
“Volunteer first responders put their lives on the line and often sacrifice personal resources to ensure the safety and well-being of our communities. This tax credit is a small but important way to recognize their dedication and provide some relief for the costs they bear when responding to emergencies,” said Senator Gopal (D-Monmouth). “This ensures that those ready to answer the call, no matter the time or circumstance, are supported in their mission to serve New Jersey families.”
Under the bill, eligible taxpayers who are active members of volunteer emergency services organizations would receive a gross income tax credit for each mile traveled using their vehicle while responding to emergencies or performing duties related to the organization. The credit amount would be based on the business standard mileage rate set by the IRS, with a maximum of $500 for a single taxpayer or up to $1,000 for married individuals filing jointly.
“Volunteer first responders are critical to the safety of our communities, yet they often face financial barriers when using their vehicles to respond to emergencies,” said Senator Moriarty (D-Gloucester/Camden/Atlantic). “This bill provides much-needed compensation for the time, effort, and personal resources they expend to keep us safe, helping to retain and support those who make a real difference.”
The bill, S-2386, is part of a broader effort to enhance recruitment and retention of volunteer first responders in New Jersey.
The bill was advanced in a 12-0 vote. |